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NASDAQ: IRDM
Iridium Communications Inc Stock Forecast, Predictions & Price Target

Analyst price target for IRDM

Based on 3 analysts offering 12 month price targets for Iridium Communications Inc.
Min Forecast
$30.00-4.7%
Avg Forecast
$40.67+29.18%
Max Forecast
$48.00+52.48%

Should I buy or sell IRDM stock?

Based on 3 analysts offering ratings for Iridium Communications Inc.
Strong Buy
Strong Buy
2 analysts 66.67%
Buy
0 analysts 0%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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IRDM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-26
lockedlocked$00.00+00.00%2024-04-22
lockedlocked$00.00+00.00%2024-02-16

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Forecast return on equity

Is IRDM forecast to generate an efficient return?
Company
N/A
Industry
5.42%
Market
21.13%

Forecast return on assets

Is IRDM forecast to generate an efficient return on assets?
Company
N/A
Industry
1.61%

IRDM revenue forecast

What is IRDM's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$811.8M+2.85%
Avg 2 year Forecast
$815.6M+3.33%
Avg 3 year Forecast
$849.8M+7.66%
IRDM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

IRDM earnings growth forecast

How is IRDM forecast to perform vs Telecom Services companies and vs the US market?
Company
43.1%
Industry
30.17%
Market
22.47%
IRDM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
IRDM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
IRDM's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

IRDM revenue growth forecast

How is IRDM forecast to perform vs Telecom Services companies and vs the US market?
Company
2.27%
Industry
1.91%
Market
9.24%
IRDM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
IRDM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

IRDM vs Telecom Stocks

TickerPricePrice TargetUp/downsideConsensus
IRDM$31.48$40.67+29.18%Strong Buy
USM$45.10$51.00+13.08%Strong Buy
TEO$8.97$5.70-36.45%Sell
TIGO$23.95$25.05+4.59%Strong Buy
CCOI$59.15$80.17+35.53%Buy

Iridium Communications Stock Forecast FAQ

Is Iridium Communications Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: IRDM) stock is to Strong Buy IRDM stock.

Out of 3 analysts, 2 (66.67%) are recommending IRDM as a Strong Buy, 0 (0%) are recommending IRDM as a Buy, 1 (33.33%) are recommending IRDM as a Hold, 0 (0%) are recommending IRDM as a Sell, and 0 (0%) are recommending IRDM as a Strong Sell.

If you're new to stock investing, here's how to buy Iridium Communications stock.

What is IRDM's revenue growth forecast for 2024-2026?

(NASDAQ: IRDM) Iridium Communications's forecast annual revenue growth rate of 2.27% is forecast to beat the US Telecom Services industry's average forecast revenue growth rate of 1.91%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.24%.

Iridium Communications's revenue in 2024 is $789,303,000.On average, 6 Wall Street analysts forecast IRDM's revenue for 2024 to be $98,575,428,867, with the lowest IRDM revenue forecast at $97,873,814,884, and the highest IRDM revenue forecast at $100,463,885,195. On average, 5 Wall Street analysts forecast IRDM's revenue for 2025 to be $99,034,064,383, with the lowest IRDM revenue forecast at $96,334,708,406, and the highest IRDM revenue forecast at $101,171,327,746.

In 2026, IRDM is forecast to generate $103,187,526,876 in revenue, with the lowest revenue forecast at $101,645,991,827 and the highest revenue forecast at $105,882,754,284.

What is IRDM's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: IRDM) forecast ROA is N/A, which is lower than the forecast US Telecom Services industry average of 1.61%.

What is IRDM's Price Target?

According to 3 Wall Street analysts that have issued a 1 year IRDM price target, the average IRDM price target is $40.67, with the highest IRDM stock price forecast at $48.00 and the lowest IRDM stock price forecast at $30.00.

On average, Wall Street analysts predict that Iridium Communications's share price could reach $40.67 by Apr 26, 2025. The average Iridium Communications stock price prediction forecasts a potential upside of 29.18% from the current IRDM share price of $31.48.

What is IRDM's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: IRDM) forecast ROE is N/A, which is considered weak.
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